Where are the opportunities for active investors to add value when investing in smaller companies? And how does this differ from their peers investing in larger companies? In the penultimate wire of our small-cap series, we dive into the expanding small-cap universe, address the rising role of passive investing and... Show More

What are the higher risks that explain the small-cap premium? What characteristics explain why smaller companies perform differently from their larger peers? In the second installment of our four part series, we look into understanding the risks factors that are common to all companies, large and small, explain some of the return premium... Show More

Why should investors in smaller companies expect a higher return? What are the risks involved? And what are the opportunities? In this four part series, we set out the historic strong performance of smaller companies, describe the fundamental drivers of their above-market returns and the risks involved. We explain the... Show More

Investors are forever on the hunt for steady and reliable income streams, which often come in the form of utilities, infrastructure stocks and REITs. And given the expectation of further rate cuts and the subsequent rallies in bond prices, these issues have witnessed a significant bump in their share prices. But... Show More

Local stocks enjoying growth offshore provide a rare shining light in a market exposed to our weakening economy. In this episode of Buy Hold Sell, we look at stocks exposed to this thematic, including A2 Milk, which is on a high P/E but has an attractive growth runway, and Altium,... Show More

Growth stocks like Afterpay, Appen and Nearmap that are making waves offshore have been dominating the leader board. Meanwhile, domestic cyclicals have been struggling as deteriorating economic conditions weigh them down. How are investors supposed to invest in this dichotomy, in which growth stocks with overseas success look ever more... Show More

Global stocks have enjoyed the best start to the year in almost three decades. Does this bode well for the rest of 2019? History suggests it does. Since 1928, a good January/February has led to a positive calendar year over 80% of the time. However, history does not always rhyme... Show More

We are no longer as reliant on traditional, finite energy sources as we once were. Instead, the world is shifting towards alternative and renewable sources of electricity. Many governments are investing in ‘green’ energy, as they try to curtail the effects of climate change. The member countries of the European... Show More

Paypal founder Peter Thiel predicted in his 2014 Wall Street Journal essay ‘Competition is for losers’ that Silicon Valley would become the centre of the global economy. He claimed that by operating under a set of rules that involve little competition or regulation, his own company, along with the likes... Show More

We don’t expect a decade of stellar returns to come crashing down, even if the US sinks into recession. A decade of quantitative easing in the wake of the 2008 financial crisis has distorted asset prices across capital markets globally, both public and private. Show More